foreign tax credit 可减免国外纳税额 foreign corporation tax 外国公司税 claims paid 【法】 赔偿付讫 相似单词 paid [pay]的过去式和过去分词 a. 1.领钱的,支取薪金的,受雇用的 2.已付清的,付讫的;将被偿付的 3.已兑现的 post paid adj, adv 邮资已付(的) reply paid a. 回函邮资已付的 ...
foreign tax paid【经】 已付国外税金 foreign currency credit外币信贷 foreign corporation tax外国公司税 相似单词 foreigna. 1.外国的,在本国以外的;从外国来的 2.不属于本身的;无关的,不相干的 3.外来的;异质的 4.涉外的;外交的 5.非典型的;陌生的 6.异物;异体 ...
The foreign tax credit is a U.S. tax credit used to offset income tax paid abroad. U.S. citizens and resident aliens who pay income taxes imposed by a foreign country or U.S. possession can claim the credit. The credit can reduce your U.S. tax liability and help ensure you aren't...
Either the foreign tax credit or the deduction must be claimed for all the taxes paid or accrued during the tax year. A cash basis taxpayer can elect to claim the FTC for accrued foreign taxes; however, this election becomes irrevocable for all successive years....
Foreign Tax Credit for Foreign Taxes Paid in Lieu of Income Taxes: An Evaluation of the Rationale and a Reform Proposal, TheCorporations claimed more than $21 billion in foreign tax credits in 1984. Internal Reve- nueService, US Dep't of Treas., Pub. But see Goode, Rates of Return, ...
The foreign tax credit is equal to the U.S. tax attributable to a taxpayer's foreign-source income, or the amount of foreign tax paid, whichever is less.1 It's a credit, not a deduction, so it subtracts directly from any tax debt you might owe the Internal Revenue Service (IRS) wh...
This foreign tax credit is limited to that part of current year tax caused by foreign source income. WikiMatrix In addition, a federal foreign tax credit is allowed for foreign income taxes paid. WikiMatrix The foreign tax credit is equal to the amount of the withholding tax. EurLex-2 ...
What is the foreign tax credit? The foreign tax credit is a U.S. tax credit for income tax paid to other countries. The general objective is to help taxpayers avoid double taxation on foreign income. Taxpayers can deduct...
new country of residence. In these cases, expats worry about paying taxes twice on the same income. Fortunately, the Foreign Tax Credit (FTC) provides a solution. This credit allows individuals and corporations to offset income taxes paid to a foreign country against their U.S. tax liability....
In order to avoid double taxation, in which dividend investors are taxed by both foreign governments and the IRS, the U.S. has worked out tax treaties with over 60 nations to reduce the foreign tax paid on dividends. As a result, most major countries have deals with the U.S. to apply...